As the Texas House considers House Bill 3, a tax bill that institutes new taxes in order to fund HB 2 (the education reform bill passed last week), the Texas Public Policy Foundation, the National Federation of Independent Business, and the Texas Conservative Coalition Research Institute are offering a solution that meets revenue needs without doing damage to Texas’ economic growth and competitive advantage.
Higher Taxes on the Horizon: City of Kemp
Many city, county, and school district officials are right now deciding where to set tax rates for the next fiscal year. In some cases, these local decisions will push property taxes higher, creating new challenges for families struggling with affordability. Given the very real prospect of tax hikes on the horizon, now is the time...